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Latest News
SHOOTING THE MESSENGER? (Update)2008-08-22
Absolute Poker threatens online information portal over scandal disclosures
Reports on the lavish spending and personal appearance of ex-Absolute Poker consultant Allan Grimard, and news of an indictment against the father of Absolute Poker founder Scott Tom yesterday on the gambling information portal 911 (see previous InfoPowa report) have ignited legal threats from the troubled poker room's owners, Tokwiro Enterprises.
Interest in the Tokwiro subsidiaries Absolute Poker and UltimateBet continues as a result of unanswered questions concerning the multi-million dollar "hole card" cheating allegations which have swirled around the companies for months.
Tokwiro needs to be sure of its ground, as 911 has prevailed in other legal struggles and as we went to press was showing no signs of taking the offending article down, instead insisting that its report was based on verifiable fact.
The gambling information portal's relationship with Absolute Poker has clearly deteriorated, with founder-editor Chris Costigan reporting that his website had been threatened with legal action by Absolute Poker's Joann Priam.
Priam, who's official designation in not known, apparently demanded that the offending article be removed from the Gambling911.com website, saying: "Our legal counsel is requesting that this be pulled by 6:00 PM EST today or they feel it necessary to issue you a formal letter. This type of situation certainly doesn't lend itself to a mutually beneficial and rewarding business partnership moving forward."
The article in question reported that the father of an Absolute Poker founder is under sealed indictment in the US.
The threat seems to have triggered further disclosures, with 911 claiming that it had tracked down one Allan Grimard and Scott Tom in Los Suenos, Costa Rica, while conducting an undercover investigative report.
"Grimard is alleged to have been involved in a massive "insider cheating scandal" at Absolute Poker," the new disclosures report. "He has apparently used that money to purchase a brand new yacht, SUV and is in the process of building a mansion along with Absolute co-founder Scott Tom. Grimard and Tom were both observed laughing about the Absolute Poker scandal."
And providing the promise of more fireworks, 911 reminds readers that the CBS news magazine, 60 Minutes, has been following developments in this matter.
The information portal emphasises that although the Kahnawake Gaming Commission oversees Absolute Poker, it is unclear if they would be party to any legal battle that might ensue.
In another story on the site, the threat by Absolute Poker is described as denying the validity and truth of the story on Grimard. The story goes on to describe observations on Grimard by a 911 source, and reports that Grimard was overheard bragging about his new vehicle and the millions of dollars he has in the bank, "all from his days at Absolute Poker."
"A low level supervisor at both Nine.com and Absolute Poker does not make millions of dollars," the article notes. Grimard was also reported as "living it up on his brand new yacht," and "joking about the Absolute Poker scandal."
911 also claims that Absolute Poker founder Scott Tom is a partner in Grimard's new real estate venture at Los Suenos - an upmarket suburb in Costa Rica.
"Absolute Poker has done absolutely nothing to explain why both Scott Tom and Allan Grimard left the company so abruptly and why certain individuals involved with the online poker room seem so intent on discrediting the factual information provided by Gambling911 related to Grimard's whereabouts," the portal observes in an editorial comment.
The portal counterattacks the allegations that its reportage lacks validity and reveals that it has been meeting with trusted industry colleagues this week to determine if Absolute Poker is still associating with Grimard and other suspects in the cheating scandal who are yet to be held accountable for their participation.
"Certain unnamed individuals with involvement at Absolute Poker have expressed disgust over how the company has refused to hold "persons of interest" accountable for their roles in the said cheating scandal," the editorial concludes.
POKEROOM BOOSTS AUGUST PRIZE POOL TO A MILLION
2008-08-22
Growing numbers of poker rooms are now offering million dollar guaranteed tournament prize pools
PokerRoom's monthly "The Grand" online poker tournament will this month present a guaranteed $1 million prize pool, positioning the event alongside those of other major companies competing in the Internet poker sector.
The Grand started life with a then top-end prize pool of $100 000, but has escalated this significantly in line with competing products. The tournament is a three-day event held on the last weekend of each month, deploying a qualifying heat system that allows the player to choose which day best suits him or her.
To buy-in direct, players need $1 000+$40 direct buy-in, but there are cheaper, if more competitive ways to get into the big game, principally through a range of qualifiers with entry fees as low as $1+10 cents for multi-table tournament qualifiers or $5+50 cents sit-and-gos.
PokerRoom is investing heavily in tournament action this month, with an additional $100 000 freeroll that will give the winner a useful $26 500 sponsorship deal plus a trip to London in October for a European Poker Tour.